Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out). There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k. If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that it can be a massive dump of markets. In this case the 1st Bottom will be 3500, so the 2nd Bottom can be massive drop from 5k to 2000, previously S&P500 dropped its 2nd Bottom from 1580 to 670(-57%).
Bearish Probability:(at least one or two Weekly candle closes below 3700 than there is a possibility of this playing out) Currently the Fractal of SnP500 looks like similar to the previous oct-2001 to july-2002 Fractal. S&P500 -> falling in a Descending parallel channel -> Breakout/Fake Out little and finally put lower low or 1st Bottom. If this plays out than RSI may fall below 30 - invalidating the current Bullish Divergences. (Sometimes Divergences get invalidated due to forceful movement of Markets). Target = around 3200 OR there is a possibility to fall on the sky Blue trendline.
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hello boss i really like to know your opinion about vai
nmchary
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@reza_1515, daywise- 11thdec-wave1, 9thjan-wave3, 7thfeb wave5. wave3 and wave 5 will always have bearish Divergence only than it is valid. so now it can be ABC correction, it can come down somewhere to 0.04 to 0.052
UnknownUnicorn10828932
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thanks for giving me your time i agree about the end of abc at 0.04_0.05 where is your target for the next impulse and have a look at my last post to know what i see
UnknownUnicorn10828932
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@nmchary and i also ask you to give me a chart of unfi i can't know the wave count on it but i think it could have nice scenario
i really like to know your opinion about vai